When we bought our first term life insurane policy, maybe the kids were young and we were just starting out in our working lives. A thirty year term policy sounded great because thirty years sounded like forever! An agent might have told us that by the time the original 30 year old policy expired, we would have all of our obligations paid off and could self insure ourselves for the rest of our life.

However, many people found out that life did not follow that neat plan. Maybe a job loss or medical problem caused a financial problem, and maybe the kids did not complete their education on schedule. Or maybe we just realized that a life insurance policy can be very useful for a tax advantaged estate transfer to heirs.

Check out Life Insurance For Older People to understand your options, and also to compare free life insurance quotes. If you are just concerned about making sure that your survivors will have some cash to give you a nice funeral, consider a final expense policy for seniors.

life insurance, seniors

Share This

Technorati Tags: life insurance, seniors

If you enjoyed this post, make sure you subscribe to my RSS feed!